34. …..And those who hoard up gold and silver [Al-Kanz:the money, theZakat of which has not been paid], and spend it not in the Way of Allah, -announce unto them a painful torment. 35. On the Day when that (Al-Kanz) will be heated in the Fire of Hell and with it will be branded their foreheads, their flanks, and their backs, (and it will be said unto them):-“This is the treasure which you hoarded for yourselves. Now taste of what you used to hoard.”

“And those who hoard Kanz and spend them not in the way of Allah, announce unto them a painful torment”

As for Kanz, it refers to the wealth on which Zakah has not been paid, according to Malik, who narrated this from `Abdullah bin Dinar from Ibn `Umar. Al-Bukhari recorded that Az-Zuhri said that Khalid bin Aslam said that `Abdullah bin `Umar said, “This was before Zakah was ordained. When Zakah was ordained, Allah made it a cleanser for wealth.” `Umar bin `Abdul-`Aziz and `Irak bin Malik said that this Ayah was abrogated by Allah’s statement,

﴿خُذْ مِنْ أَمْوَلِهِمْ صَدَقَةً﴾

“Take Sadaqah (alms) from their wealth”

There are many Hadiths that admonish hoarding gold and silver. We will mention here some of these Hadiths. `Abdur-Razzaq recorded a Hadith from `Ali about Allah’s statement,

﴿وَالَّذِينَ يَكْنِزُونَ الذَّهَبَ وَالْفِضَّةَ﴾

“And those who hoard up gold and silver…”

`Ali said that the Prophet said,

« تَبًّا لِلذَّهَبٍ تَبًّا لِلْفِضَّة»

“Woe to gold! Woe to silver”.

He repeated this statement thrice, and this Hadith was hard on the Companions of the Messenger of Allah , who said, “What type of wealth should we use” `Umar said, “I will find out for you,” and he asked, “O Allah’s Messenger! Your statement was hard for your Companions. They asked, `What wealth should we use”’ The Prophet answered,